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Non-Precious Metals & Non-Metallic Mining M&A image Non-Precious Metals & Non-Metallic Mining M&A » By The Online Investor Staff, updated Mon., Feb. 24, 5:10 PM Recent mergers and acquisitions in the Non-Precious Metals & Non-Metallic Mining M&A category.

Slide #16. Kennametal Tungsten Materials Business from ATI

Acquirer: Kennametal (KMT)
Acquiree: Tungsten Materials Business from ATI (ATI)
Details: Kennametal Inc. (NYSE: KMT) today completed its transaction to acquire the Tungsten Materials business from Allegheny Technologies Incorporated (NYSE: ATI) for $605 million. The acquisition, announced on Sept. 16, 2013, brings annual sales of approximately $340 million and an estimated 1,175 employees.

Kennametal engages in the development and application of tungsten carbides, ceramics, materials and solutions used in metal cutting and extreme wear applications. Co.'s standard and custom product offering spans metalworking and wear applications including turning, milling, hole making, tooling systems and services, as well as other wear components and metallurgical powders. End users of Co.'s metalworking products include manufacturers engaged in a range of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry.

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Kennametal engages in the development and application of tungsten carbides, ceramics, materials and solutions used in metal cutting and extreme wear applications. Co.'s standard and custom product offering spans metalworking and wear applications including turning, milling, hole making, tooling systems and services, as well as other wear components and metallurgical powders. End users of Co.'s metalworking products include manufacturers engaged in a range of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry.

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Company Name: 
Kennametal Inc.
Website: 
www.kennametal.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding KMT: 
43
Total Market Value Held by ETFs: 
$399.07M
Total Market Capitalization: 
$2.60B
% of Market Cap. Held by ETFs: 
15.32%
Company Name: 
Allegheny Technologies, Inc
Website: 
www.atimetals.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding ATI: 
47
Total Market Value Held by ETFs: 
$396.12M
Total Market Capitalization: 
$2.55B
% of Market Cap. Held by ETFs: 
15.51%
 

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